By accepting the terms and conditions of this auction you acknowledge you are entering into a legal and binding contract. You agree to abide by all terms and conditions and you acknowledge receipt of all explanations and information made available by Steffes Group, Inc., also referred to as Steffes Group or Company. 

Terms: 10% down payment on October 2, 2019.  Balance due at closing with a projected date of November 15, 2019, upon delivery of merchantable abstract and deed and all objections have been met.

Payment

When paying within the stated time and with our acceptable payment methods: 

• A 2% buyer’s premium with a $500 cap per lot  applies to items purchased on this Live Online Auction.
• Down payment is due on the day of the auction.

Acceptable forms of payment:

• Bank Wire Transfer; please call for wire instructions to be emailed to you.
• Check delivered to our office that held the auction
• Check By Phone

Mt. Pleasant, Ames 319-385-2000

• Check By Fax

Mt. Pleasant, Ames 319-385-4709

Agents for Sellers
Steffes Group, Inc. and its Employees act merely as agents for sellers. All auctions are with reserve unless specifically stated otherwise. Auctions are with undisclosed reserves unless advertised otherwise as "Absolute."  Auctioneers, at their discretion, may place a reserve bid on behalf of the seller. All final bids are subject to the seller's confirmation. Only the top bidder will be contacted as to the status of his/her bid. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied as to any items being sold, and you agree to purchase and accept the item in an as-is condition. Information on items is obtained by us from the sellers and you hereby agree to hold harmless Steffes Group and our Employees for any errors or omissions regarding the item(s) being sold. This information includes but is not limited to year, model, machine or engine hours, physical condition, options, features and other data pertinent to the value of the item. All items are sold As-Is-Where-Is unless specific factory or seller issued warranties are listed in the item description.

Inspection

You acknowledge that you have the right and responsibility to inspect the item(s) personally, or to have a third party representative inspect the item(s) for you. That by bidding on an item you have agreed to accept that item in its present condition at its present location and with the description provided whether accurate or not. 

Auction Close

Timed-online auctions will begin to close on the date and time listed. Lots will remain open until no bids have been placed within the last 4 minutes. Timed-online auctions normally close at a rate of 3 lots every 2 minutes.  

Please note that some lots can be tied together and will be set to close simultaneously.  This will be indicated in those lots by a paper clip symbol.  Please hover your mouse over the symbol to see what lots are tied together. The paper clip symbol means that each lot tied will stay in extension until there are no more bids on any of the lots that are tied.

         Steffes Group reserves the right to close multiple lots per minute at its discretion. Upon your accepted bid of an item, that item shall immediately become your responsibility and be at your risk (whether you have paid for that item or not). You agree that Steffes Group, its employees, and its sellers are not responsible for lost, stolen or damaged items and will not reimburse or discount items for any type of loss. Buyers are responsible for any costs incurred to prepare your item(s) for transport and/or shipping. This includes, but is not necessarily limited to, the cost of any rigging, dis-assembly, special loading requirements, transport, packaging, insurance, and all other costs related to physical transfer of your item(s). You agree to remit payment and remove from the auction property any purchases within the stated time for the auction being conducted. You further understand and agree that failure to remove items in the stated time for the auction will subject you to moving and storage fees unless arrangements have been made with the seller. 

Buyer Default

When using our online auction services you are making a firm commitment to purchase said item(s) and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason. 

Non-paying bidders or fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. 

Internet Risk

You acknowledge that the internet may be an unreliable and error-prone network. Steffes Group will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion. You agree to hold Steffes Group, Inc. and its employees harmless for any interruptions in online bidding. At the sole discretion of the Company, the auction may be suspended, postponed, or cancelled if internet service is unstable or disrupts the online portion of any event that is simulcast as an Internet Auction. 

Further, the auctioneer has the sole discretion to accept or refuse any bid. Steffes Group retains the right, at our sole discretion, to add, delete, or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. 

(2) Commercial Real Estate Auctions

Sully, Iowa
Auction to be held on site at 12864 Highway F62, which is a ½ mile east of Sully on Highway F62.

Auctioneer’s Note:If you are looking for a place to expand your business or looking to get into the self-storage business, don’t miss this auction!  These properties lend themselves to many possible business applications or storage uses.  Bid your price on these properties!

ONLINE BIDDING AVAILABLE

Open House on Wednesday, September 18^th from 10-11AM

“Selling Choice with the Privilege”

Tracts #1 & 2 will be sold lump sum price and will be selling Choice with the Privilege.  High bidder may take Tract #1 or Tract #2 or both tracts, for their high bid.  This will continue until both Tracts are sold.  Tracts will not be recombined.
Survey Now Complete! 

Tract #1 – 60’x104’ Shop Building on 0.63 Surveyed Acres

This building built in 1998 features an office with front counter space, two private offices, bathroom and a large parts storage room with ample bin-shelving.  The office area has a First Co. hot water furnace with a high efficient gas hot water heater & central air.  The building also offers a large shop area with shop office, work room & upstairs loft storage above the office area. The shop area has Reznor heat, central air unit, in floor drain & 2 overhead doors – 16’wx14’h & 12’wx12’h.

Over $105,000 invested in 2016 for the solar system on this building.  It is a 40.2KW system with (120) 335 watt modules.  The building has a gravel parking, rural water (Iowa Regional Utilities Assn.), Alliant Energy electric, (1) 200 amp breaker box and (2) 150 amp breaker boxes.  All situated on 0.5 acres M/L - (subject to final survey).

Included:  Solar system, Surveillance system, Office furniture, File cabinets.  All items present on the day of closing.

Tract #2 – 20 Unit Self-Storage Complex & 30’x100’ building on 0.62 Surveyed Acres

Here is your chance to bid your price on an investment/business opportunity into the self-storage real estate sector.  The 20 unit self storage complex is comprised of two buildings.  The front mini storage building is a 50’x100’ with 20 units 10’wide x 24’deep with electricity, light and concrete floors.   The second building could be used for boat or RV storage or converted into more mini storage units.  The second building is a 30’x100’ pole building with a concrete drive, dirt floor and a 29’ opening.  All situated on 0.65 acres M/L - (subject to final survey).

This complex could make an excellent return on your investment.  Currently there are 12 of the 20 units rented, as the other eight were used by the seller.

Windmill to be sold after the real estate.  The windmill is located at 701 1^st Street, Sully, IA.  Buyer will be responsible for removal by November 1, 2019.

Terms:10% down payment on October 2, 2019.  Balance due at closing with a projected date of November 15, 2019, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of November 15, 2019. (Subject to tenant’s rights on rented storage units on Tract #2)
Real Estate Taxes:  To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.

Current real estate taxes on the entire property
Gross/Net Taxes: $4,408.00

Estimated split taxes:          Tract #1 – Gross - $2,648.19
                                            Tract #2 – Gross - $1,759.62

SPECIAL PROVISIONS:

• Tract #2, all rents will be prorated to the date of possession.  Any security deposits, if any, held by the seller will be transferred to the new buyer at closing.  All units are contracted on month to month basis.  Selling subject to tenant’s rights, it shall be the buyer’s responsibility to give tenant’s notice of termination, if so desired.  Rent ranges from $45-$50 per month.

• This auction sale is not contingent upon Buyer's financing or any other Buyer contingencies.

• Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.

• Seller will have both Tracts #1 & 2 surveyed by a licensed surveyor, prior to the closing.

• Tract #1, it shall be the buyer’s responsibility and expense to acquire the DNR Time of Transfer certificate for the septic system.  This shall include, but not limited to, the expense to inspect, repair and/or update the septic system (if needed) and have said septic system pumped (if needed).  It shall be the buyer’s responsibility to correspond with the Jasper County Sanitarian and have the proper paperwork completed prior to closing.

• If Tract #1 & Tract #2 sell to two different buyers, it shall be the expense of the Buyer of Tract #2 for separating off the electric and to install a separate electric meter, if so desired.

• If one buyer purchases more than one tract the seller shall only be obligated to furnish one abstract and deed. (husband & wife constitute one buyer)

• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.

• If in the future a site clean-up is required it shall be at the expense of the buyer.

• The buyer acknowledges that they have carefully and thoroughly inspected the real estate and is familiar with the premises. The buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the real estate.

• Steffes Group, Inc. is representing the Seller.

• Any announcements made the day of sale take precedence over advertising.

Owner: Hackert Ltd.

Paul D. Hietbrink – Attorney

For more information contact auction manager Nate Larson of Steffes Group, 319.385.2000 or 319.931.3944 (cell)